June 27, 2025

Split Personal Income and Outlays, May 2025 and Gross Domestic Product by State and Personal Income by State, 1st Quarter 2025

Personal Income and Outlays, May 2025

Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—decreased $27.6 billion in May. Personal saving was $1.01 trillion in May and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent.

Gross Domestic Product by State and Personal Income by State, 1st Quarter 2025

Real gross domestic product decreased in 39 states in the first quarter of 2025, with the percent change ranging from 1.7 percent at an annual rate in South Carolina to –6.1 percent in Iowa and Nebraska.

Personal income, in current dollars, increased in all 50 states and the District of Columbia in the first quarter of 2025, with the percent change ranging from 12.7 percent at an annual rate in North Dakota to 3.2 percent in Washington state.

Principal Federal Economic Indicators

Gross Domestic Product
Q1 2025 (3rd)
-0.5%
Personal Income
May 2025
-0.4%
International Trade in Goods and Services
April 2025
-$61.6 B
International Transactions
Q1 2025
-$450.2 B

Noteworthy

The Latest

Gross Domestic Product, 3rd quarter 2016 (second estimate); Corporate Profits, 3rd quarter 2016 (preliminary estimate)

November 29, 2016 | News Release

Real gross domestic product increased at an annual rate of 3.2 percent in the third quarter of 2016 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.4 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 2.9…

New Guidance Materials for Private Funds Now Available

November 28, 2016 | The BEA Wire

The Bureau of Economic Analysis and the Treasury Department are preparing to implement a change in early 2017 that will simplify how certain cross-border investments by or into private funds are reported on BEA surveys of direct investment and the Treasury International Capital, or TIC, surveys of portfolio investment.

Local Area Personal Income: 2015

November 17, 2016 | The BEA Wire

Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas.

Local Area Personal Income, 2015

November 17, 2016 | News Release

Personal income grew in 2015 in 2,552 counties, fell in 548, and was unchanged in 13, according to estimates released today by the U.S. Bureau of Economic Analysis. On average, personal income rose 4.7 percent in 2015 in the metropolitan portion of the United States and rose 2.7 percent in the nonmetropolitan portion. Personal income growth in 2015 ranged from -30.3 percent in Sully County, South Dakota to 35.0 percent in Loving County, Texas…

Detailed Data on the Global Activities of U.S. Multinational Enterprises Coming out Dec. 16

November 9, 2016 | The BEA Wire

Detailed statistics on the worldwide activities of U.S. multinational enterprises in 2014, including the finances and operations of U.S. parent companies and their foreign affiliates, will be available from the U.S. Bureau of Economic Analysis on Dec. 16.

BEA Unveiling New Data Tool Aimed at Faster Access to Economic Statistics in United States, Europe

November 8, 2016 | The BEA Wire

In a show of collaboration between the United States and Europe, BEA is unveiling a new data tool that aims to make it easier to access, compare and visualize economic data between the two regions.

Spending on Treatment for Diseases and Medical Conditions

November 4, 2016 | The BEA Wire

New! 2013 Data Available.

More medical conditions and price index data available at http://www.bea.gov/national/health_care_satellite_account.htm

September 2016 Trade Gap is $36.4 Billion

November 4, 2016 | The BEA Wire

The U.S. monthly international trade deficit decreased in September 2016 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $40.5 billion in August (revised) to $36.4 billion in September, as exports increased and imports decreased. The previously published August deficit was $40.7 billion. The goods deficit decreased $2.6 billion in September to $57.5 billion. The services surplus…

U.S. International Trade in Goods and Services, September 2016

November 4, 2016 | News Release

U.S. Census Bureau U.S. Bureau of Economic Analysis NEWS U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES September 2016 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $36.4 billion in September, down $4.0 billion from $…

Gross Domestic Product by Industry: Second Quarter 2016 Annual Update: 2013 through First Quarter 2016

November 3, 2016 | The BEA Wire

Transportation and warehousing; health care and social assistance; and professional, scientific, and technical services were the leading contributors to the increase in U.S. economic growth in the second quarter of 2016. Overall, 15 of 22 industry groups contributed to the 1.4 percent increase in real GDP in the second quarter.